PUBLICATION OF YIELDS.

Evening Star, Issue 2986, 13 September 1872, Page 3

PUBLICATION OF YIELDS.

Last week we commented at some length np*n the probability during the summer of an increased prosperity for the quartz-reef-ing interest throughout the district. In connection with the same subject, we desire to advance tt few considerations which deserve the serious attention of managers of quartz claims, and, indeed, of all interested in quartz mining. Secresy regarding the amount and nature of work executed in the claims and the returns of emshings, is looked upon by most raining managers as rather to bo courted than shunned. There can be little doubt that this is a false and suicidal policy,—especially in the case of public companies. In the case of private companies, perhaps the district alone suffers; but in public companies this secrecy operates not only to the disadvantage of the district, but to that of the immediate shareholders, and the whole of thejshare-dealing public. Now that some dozen registered companies exist in the district, it seems time that tins practice of secrecy was abandoned. At present, all transactions in shares are conducted to a certain extent in the dark. Nothing, or but little, is known as to the amount of work already aceomplished in claims, or the prospects of further successful development. Information conveyed through the public Eress, has to be obtained often at secondand, and therefore carries with it little stamp of reliability. In older cstab lished quartz-fields, it is the custom of working managers to furnish weekly or fortnightly reports of the progress of the work in the mine, which arc communicated to the press for publication. By this method the public are reliably informed of the actual amount of work done, and by acquiring knowledge of the appearance of the stone, kc., become possessed of some data to guide them in buying or selling shares. We hope these remarks will weigh with those connested with quartz claims in the district, and that, instead of endeavoring to ehoke publicity, every effort will be made to promote it. The Elizabeth Company have set a good •xample in this direction ; and we hope soon to see that example universally followed.— Cromwell Argus.